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USD CHF Technical Analysis - USD CHF Trading: 2024-09-05
USD/CHF Technical Analysis Summary
Below 0.84548
Sell Stop
Above 0.84958
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
USD/CHF Chart Analysis
USD/CHF Technical Analysis
The technical analysis of the USDCHF price chart on 4-hour timeframe shows USDCHF,H4 is retracing down under the 200-period moving average MA(200) after rebounding to one-week high two days ago. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 0.84548. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.84958. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - USD/CHF
Swiss consumer price index remained unchanged in August as did the unemployment rate. Will the USDCHF price retreating continue?
Swiss consumer price index (CPI) remained unchanged in August. Federal Statistics Office reported CPI was flat in August after 0.2% over month decline in July when 0.1% growth was forecast. Consumer prices rose 1.1% from a year ago in August, down from July’s 1.3%. The slowdown was due to a 2.7% annual decline in the cost of household goods and services, while prices declined also for clothing and footwear, food and non-alcoholic beverages. Unemployment rate remained at 2.5% in line with forecasts. Lower than forecast consumer inflation is bearish for Swiss franc and bullish for USDCHF. However, the current setup is bearish for the pair.
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